Litecoin will go through a halving of the block reward in just over 200 days, the first among the large Pow cryptocurrencies-

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Litecoin will go through a halving of the block reward in a little more than 200 days, the first among the large Pow cryptocurrencies

In about 202 days the cryptocurrency network Litecoin ( ltc ) will be in or around August 2023 Experience a block reward. Litecoin will be the first big proof-of-work (POW) blockchain, which will experience a reward reduction before the upcoming halving of Bitcoin, which is expected to take place in 203 days.

litecoin thermalation should take place on or around August 3, 2023

litecoin The 14th biggest cryptocurrency today, Prepare experience A block reward that halves in 202 days. It will be the first large proof-of-work (Pow) cryptocurrency, which, in addition to the upcoming reduction, which is to take place for DASH in 158 days, has a reward thermal. However, reducing Dash differs from a halving, since the reward is reduced from 2.763 DASH to 2.566 DASH. As with Bitcoin, the blocking of Litecoin halves the reward (by 50 %) and it will fall from 12.5 ltc to 25.06 ltc .

litecoin is halfway through the blockage, which First under the big Pow cryptocurrencies Estimated Dash reduction countdown and countdowns for ltc ’s and bch ’s reward half in 2023. Then Bindestrich , ltc and BCH The next halves will result from this bsv , bitcoin , and zec.

While litecoins (ltc) today holds the 14th largest market capitalization, it was a top-ten guard in cryptocurrencies in the early days of the cryptomark. ltc The network of has many differences to bitcoin ( bitcoin ), since more coins are in circulation-currently more than 72 million ltc in circulation. However, ltc approaches its maximum offer of 84 million. The block time of Bitcoin is usually about 10 minutes per block, but ltc Blocks are much faster with 2.5 minutes per block.

This is shown in two weeks of market statistics litecoins (ltc) won 29 % compared to the US dollar, but ltc is 79 % below the all-time high of the cryptocurrency. ltc reached over a year ago, on May 10, 2021, an all-time high of around $ 410 per unit ltc and bitcoin ( bitcoin ) differs the proof-of--work-algorithm from litecoin, scrypt, from SHA-256. The upcoming ltc Halification will be the third part of the block reward of litecoin since its introduction.

ltc experienced his first halving on August 25, 2015, and this rediration reduced the block reward for miners of 50 ltc to 25 ltc . ltc blocks take place every 840,000 blocks or four years. The second halving of the Litecoin block reward took place on August 5, 2019. This special halving reduced the block reward for miners of 25 ltc to 12.5 ltc The current reward level for litecoin-miner today.

In addition to Dash and Litecoin, the next three blockchains, in which the block reward is halved, Bitcoin Cash ( BCH ) in 450 days, Bitcoin SV ( bsv ) in 455 days and Bitcoin ( bitcoin ) in 474 days. Ethereum Classic is expected to experience a block reduction in 568 days similar to DASH. And Zcash (ZEC) will experience halving in 677 days. By halving the ZEC block reward, the subsidy from 3.125 ZEC falls to 1.5625 after the halving on or around November 20, 2024.

What effects will you think the upcoming halving of Litecoin on the mining ecosystem and the price will you have? Leave your thoughts in the comments below.

Jamie Redman

Jamie Redman is the news manager at Bitcoin.com News and a Journalist for Financial Technology living in Florida. Redman has been an active member of the cryptocurrency community since 2011. He has a passion for Bitcoin, open source code and decentralized applications. Since September 2015, Redman has written more than 6,000 articles for Bitcoin.com news about the disruptive protocols that arise today.


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